Fasteners and tools company Spotnails Ltd has new owners after the Development Bank of Wales supported a management buy-out (MBO) of the business with a multi-million pound equity investment.

Spotnails, based in Bedwas, Caerphilly is a long-standing independent distributor of tools and fastener products to the UK building industry with more than 60 years trading history. It has a national salesforce as well as a manufacturing base with servicing and repair facilities at the Caerphilly headquarters.

The Midlands Engine investment fund, through Maven Capital Partners, has provided Aurelius Environmental Ltd, an environmental management and materials recycling business, with a £1.5 million debt funding package.

The funding will be used by Aurelius to purchase new machinery to improve efficiencies, reduce the company’s carbon footprint and help to support its sustainable development strategy and strong social and economic ethos.

Maven Capital Partners has provided a £450,000 debt funding package to Reed Thermoformed Packaging Ltd (trading as “iPac”) via the North East Development Capital Fund, supported by the European Regional Development Fund. The funding will enable the company to continue to invest in its state-of-the-art facility to deliver on its ambitious expansion plans.

iPac is a manufacturer of thermoformed packaging supplying bespoke and standard packaging for the food and non-food packaging sectors. The business offers innovative solutions to packaging challenges, combining ingenuity with extensive process, tooling and design expertise to deliver aesthetically and functionally superior packaging to food processing businesses, packers and retailers.

Maven Capital Partners has led the management buyout of CMS Window Systems, a leading end-to-end provider of premium window and door solutions, and one of Scotland’s fastest growing manufacturing businesses. The transaction includes the largest equity cheque written by Maven as well as debt funding from Clydesdale Bank led by its Corporate and Structured Finance team, and additional equity from the Scottish Investment Bank. Exiting investors include mid-market private equity firm, LDC.

Clyde Blowers Capital (CBC), Duplomatic Motion Solutions (Duplomatic) and Alcedo SGR (Alcedo) has completed the successful sale of hydraulic technologies provider, Hydreco, from CBC to Duplomatic, sponsored by Alcedo. Cavendish acted as exclusive financial advisor to CBC for the transaction, with CMS acting as legal advisors for CBC.

Revolutionary heating specialist Koleda has overfunded it's latest funding round on Kickstarter which is more than 700% funded.

The funding round is centered around their new SOLUS radiator, the most efficient home heating device ever made. The SOLUS can cut heating bills by up to 80% due to its innovative use of graphene.

New research from Revolution.Aero, the global meeting place for people who are reshaping, rethinking and revolutionising business and personal aviation, 

BGF has announced the exit of its minority investment in Petrotechnics, a global leader of software solutions for hazardous industries, following its acquisition by US-based Sphera Solutions Inc.

BGF invested £6m in the Aberdeen-based company in 2013 to support the development of Proscient – the first software enterprise platform for operational excellence in hazardous industries.

The funding was also used for geographical expansion, with the company’s software now being used by more than 80,000 people from some of the biggest businesses in the oil and gas, rail and petrochemical sectors, across 22 countries. Since BGF’s investment, the company has invested over £15m in creating and bringing to market the broadest and most insightful operational excellence software package in the sector.

Puma Private Equity, the private equity division of Puma Investments, has closed an investment of £3.6 million into Dymag Group, the British designer and manufacturer of carbon hybrid automotive wheels. Established in 1974, Dymag is a pioneer in carbon wheel technology and expects a record 2019, with the investment fuelling its global growth plans. Tommy O’Sullivan, Managing Director at Puma Private Equity, commented: “Dymag is positively disrupting the automotive wheel market with its new carbon wheel products.

Red Industries, the hazardous and non-hazardous waste management business, has secured a £39m funding package from BGF, the UK’s most active investor in growing businesses, and HSBC. 

YFM Equity Partners has exited its investment in GTK Limited for £14.3m, to Volex Plc, generating a return of 3.4x original cost to its funds and a 36% IRR.

FM supported the incumbent management team in the primary buyout of GTK from its founder in October 2013. During the past five years, YFM has seen invested revenues grow over 60% and profits have more than doubled. The growth has been driven by continued investment in the UK sales team; the opening of a new sales office in Germany; a near doubling of manufacturing capacity in the UK; and the opening of a new manufacturing facility in Romania in 2016.

Foresight Group has made a substantial investment into Caphan Trading Limited, trading as The Children’s Furniture Company, on behalf of the Midlands Engine Investment Fund.

Based in Milton Keynes, The Children’s Furniture Company designs, manufactures and sells a wide range of children’s furniture.

After developing its own e-commerce store, the firm now supplies several national retailers - offering durable furniture at an affordable price point compared to its competitors.